The paper provides analysis of means of individualization (trademarks) as an institutional alternative to ensure quality of market goods and to enforce specific contractual performance of sellers and buyers. In general, the price mechanism as described in the perfect competition paradigm fails...

One of the most significant recent developments in world trade has been the entry of China into the World Trade Organization (WTO). This paper examines the implications of China's WTO accession for India's trade, using both econometrics and computable general equilibrium (CGE) models. The paper...

Intellectual properly right (IPR) protection provides incentives for innovation and consequent spillover benefits for the global economy, but it may also have anti-competitive effects. Economic theory has only recently addressed the international trade flow implications of different IPR...